Rupee’s Performance Against US Dollar Since 04 March 2025
The Pakistani rupee strengthened against the US dollar in the inter-bank market on Monday.
At close, the local currency settled at 278.76, a gain of Re0.01 against the greenback.
On Thursday, the local unit closed at 278.77.
Globally, the yen stabilised at the start of trading in Asia, strengthening slightly after a few choppy sessions following suspected intervention by authorities to strengthen the currency last week.
The yen edged up 0.1% to 156.885 against the dollar, after the Japanese currency appreciated 1.4% during the past month – a gain almost entirely attributable to the move on Thursday after authorities were widely suspected to have stepped in.
Markets remained cautious at the start of trading after President Donald Trump said the US would start an effort on Monday morning to free ships, stranded in the Strait of Hormuz as a “humanitarian gesture” to aid neutral countries in the US-Israeli war with Iran.
The US dollar index, which measures the greenback’s strength against a basket of six currencies, was flat at 98.144. The Australian dollar was up 0.1% at $0.7211, while its kiwi counterpart advanced 0.2% to $0.5905.
Oil prices, a key indicator of currency parity, eased on Monday after President Donald Trump said the United States would begin an effort to assist ships stranded in the Strait of Hormuz, but the lack of a US-Iran peace deal kept the market supported above $100.
Brent crude futures fell 6 cents, or 0.1%, to $108.11 a barrel by 0400 GMT after settling down $2.23 on Friday.
US West Texas Intermediate was at $101.50 a barrel, down 44 cents, or 0.4%, following a $3.13 loss on Friday.
